Tag: action

Bitcoin continues “boring action” as BTC hovers above $22k

Bitcoin on-chain exchange flows were $4 billion in and $4 billion out last week, Glassnode data shows. Crypto analyst Michael van de Poppe highlights BTC’s “boring price action” as bulls struggle above $22,000. BTC price saw downward action last week following a series of negative market related news. The global cryptocurrency market cap remains above […]

Bitcoin’s “hedge” narrative is dead, as speculative price action continues

Key Takeaways Crypto has risen to start the year off the back of expectations that interest rates may be cut sooner than anticipated This contrasts with the view that crypto is uncorrelated, proving it false Assessing the price action of crypto through the pandemic and subsequent rate-raising cycle shows an extremely risky asset class that […]

BONK price action spells trouble after becoming an overnight crypto sensation.

Bonk token launched on December 25, 2022 The cryptocurrency rose by four-digit percentages after the launch BONK price has cooled and trades on a descent and could claim lower levels Crypto has always treated its fans with twists, turns, and surprises. The crypto community loves it this way, for it becomes a time to make […]

Shiba Inu (SHIB/USD) whale buying intensifies but does price action show it?

Shiba Inu is among the most purchased cryptocurrencies by Ethereum whales The price action is still bearish despite a Shibarium update SHIB could maintain the downtrend if new developments do not come up Meme cryptocurrency Shiba Inu (SHIB/USD) is again on Whale’s radar. According to Whalestats, Shiba Inu is among the most bought cryptocurrencies among Ethereum […]

Near Protocol adds 20% in a week. What price action says about the token

Near token has recovered by almost 20% in a week The cryptocurrency saw increased volumes at the $1.25 bottom after a disastrous 2022 NEAR face bears at the descending trendline and could correct downwards Near Protocol (NEAR/USD) ended 2022 on a low note. At just $1.26 on December 31 2022, NEAR is among the worst-performing cryptocurrencies, […]

Why Bitcoin (BTC/USD) rose to $17K. Here is the potential price action next

Bitcoin rose on Thursday after Powell’s statement indicated slower rate hikes. BTC price has recovered above the 20-day MA. The long-term momentum is bearish for BTC unless bulls win back the $19,000 level. Bitcoin (BTC/USD) saw increased buyer interest on Thursday, rising to over $17,100. The price increase reflected renewed optimism in all markets after […]

Voyager token (VGX/USD) jumps 24%. Here is the reason and potential price action next

Voyager token rose by double-digits on Thursday Reports of acquisition by Binance.US boosted the token The token faces a correction at key resistance Voyager (VGX/USD) was at the centre of retail interest on Thursday, witnessing a surge in trading volumes. The cryptocurrency of the embattled crypto firm Voyager Digital was strongly mentioned on social trading […]

Here is what is happening and the potential price action next for Solana (SOL/USD)

Solana (SOL/USD) is again flexing its muscles after losing half of its value in two days. On Friday, the cryptocurrency had recovered more than 20%. That ignites hopes that SOL would overcome a potential single-digit price. But how likely is the rally to be sustained?  You know that SOL has been falling heavily due to […]